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Nutanix, Inc.
Russell 1000 Component
IndustryDistributed Computing and Storage virtualization
FounderDheeraj Pandey
Mohit Aron
Ajeet Singh
United States
Key people
Rajiv Ramaswami (President & CEO)
Duston Williams (CFO)
David Sangster (COO)
Ben Gibson (CMO)
Wendy Pfeiffer (CIO)
Tarkan Maner (CCO)
Rajiv Mirani (CTO)
ProductsEnterprise Cloud Platform
Business Software
RevenueIncrease US$1.236 billion (2019)[1]
Increase US$−598 million (2019)[1]
Decrease US$−621 million (2019)[1]
Total assetsIncrease US$1.786 billion (2019)[1]
Total equityDecrease US$186 million (2019)[1]
Number of employees
6,100 (May 2020)[2]

Nutanix, Inc. is an American cloud computing company that sells software, cloud services (such as desktops as a service, disaster Recovery as a service, and cloud monitoring), and software-defined storage.[3]


Nutanix was founded on September 23, 2009 by Dheeraj Pandey, Mohit Aron and Ajeet Singh. In early 2013 Aron left Nutanix to start Cohesity, a privately held computer data storage company.[4]

Venture capital firms invested $312.2 million over five rounds of funding in Nutanix. The company reached a $1 billion valuation by 2013, which made it known as a "unicorn startup".[5] It raised $140 million in a Series E round of financing in 2014, valuing the company at approximately $2 billion.[6]

Nutanix filed for an initial public offering (IPO) in December 2015, reporting a net loss in its fiscal year ending July 2015 of $126 million.[7] In August 2016, Nutanix announced it had acquired PernixData.[8]

The IPO on September 30, 2016, raised about $230 million after selling 14.87 million shares at a price of $16.[9][10] This was the biggest IPO of 2016.[11] Analysts expected Nutanix's public offering would be delayed.[12]

In May 2017, Nutanix partnered with IBM to create a series of data center hardware using IBM Power Systems for business apps.[13]

In March 2018, Nutanix announced the acquisition of Minjar, based in Bangalore.[14] Later the same year, Nutanix acquired the DaaS startup Frame.[15]

On June 1, 2019, Nutanix appointed Brian Stevens to its board of directors.[16] In March 2020, Sohaib Abbasi joined the company's board of directors.[17]

Due to the COVID-19 pandemic, Nutanix announced a furlough impacting about 1,500 employees in April 2020.[18] In June 2020, Nutanix added Virginia Gambale to its board of directors. [19]

In 2021, the company transitioned from making hardware appliances to focusing on subscription software.[20][21]


Nutanix combines storage, computing, and virtualization for clients. The company's software product families include Acropolis, Prism, Era, Frame, and Files.[22][23][24][25] In 2015, Nutanix was reported to have built a hypervisor in order to make managing computer infrastructure easier.[26]

Nutanix marketed its products as "hyper-converged infrastructure".[27] Nutanix's backers include Lightspeed Venture Partners, Khosla Ventures, and Blumberg Capital.[28]

As of 2020, the company shifted to a subscription business model.[29]


Date Company Description References
August 2016 PernixData Software for virtualizing server-side flash memory and random-access memory. [30]
August 2016 DevOps automation platform. [31]
March 2018 Netsil Cloud app monitoring startup. [32]
March 2018 Minjar The maker of Botmetric, a service that makes the usage of public clouds more efficient and cost effective. [33]
August 2018 MainFrame2 Inc. Cloud-based Windows desktop and application delivery. [34]


  1. ^ a b c d e "Nutanix, Inc. 2019 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 2019.
  2. ^ "Nutanix, Inc. (NTNX)". Yahoo Finance.
  3. ^ "Nutanix Patent Aims To Simplify Software Defined Storage". Tom's IT Pro. Retrieved 29 March 2017.
  4. ^ Bob Brown (June 17, 2015). "Google-infused storage startup Cohesity reveals itself". Retrieved September 6, 2016.
  5. ^ Gage, Deborah (January 14, 2014). "The Wall Street Journal". Nutanix Joins the $1 Billion Valuation Club as It Takes On Tech Giants. Retrieved September 10, 2016 – via The Wall Street Journal.
  6. ^ Miller, Ron (27 August 2014). "Nutanix Lands $140M On $2B+ Valuation, IPO Could Be Next". Tech Crunch. Retrieved 1 September 2014.
  7. ^ "Form S-1 Registration Statement". US Securities and Exchange Commission. December 22, 2015. Retrieved August 29, 2016.
  8. ^ Cromwell Shubarth (August 28, 2016). "Nutanix scoops up pair of companies". Silicon Valley Business Journal. Retrieved August 29, 2016.
  9. ^ "Nutanix IPO shows risks of 'unicorn' valuations". Reuters. Retrieved May 14, 2020.
  10. ^ Ari Levy (September 30, 2016). "Nutanix aims to crack open the tech IPO window". CNBC. Retrieved September 30, 2016.
  11. ^ "The man behind 2016's biggest U.S. tech IPO shares how the deal went down". Mercury News. Retrieved May 14, 2020.
  12. ^ Bruno, Giovanni (August 30, 2016). "The Street". CNBC's Pisani Forecasts Possible Fall IPOs. Retrieved September 10, 2016 – via The Street.
  13. ^ "Nutanix partners with IBM on data centre product". The Stack. 2017-05-16. Archived from the original on 2017-11-17. Retrieved 2017-11-17.
  14. ^ "Nutanix buys Bengaluru-based Minjar". The Times of India. March 3, 2018. Retrieved 17 March 2018.
  15. ^ Berry, Rachel (9 December 2019). "One year since the acquisition, how has Nutanix Xi Frame progressed?". Tech Target.
  16. ^ "Nutanix Appoints Brian Stevens to Board of Directors". Nutanix. 1 June 2019. Archived from the original on 25 July 2019. Retrieved 25 July 2019.
  17. ^ "Sohaib Abbasi joins Nutanix board of directors". Help Net Security. Retrieved May 14, 2020.
  18. ^ Haranas, Mark (May 4, 2020). "Nutanix Confirms Furloughs Of Nearly 1,500 Employees". CRN.
  19. ^ "Nutanix Appoints Virginia Gambale to Its Board of Directors". BusinessWire. 4 June 2020.
  20. ^ Kamich, Bruce (8 March 2021). "Nutanix May Find Buying Support Soon". Real Money.
  21. ^ Hemsoth, Nicole (6 April 2021). "VAST DATA SHEDS HARDWARE BUSINESS TO TACKLE LARGEST USERS". The Next Platform.
  22. ^ "Nutanix IncNTNX.OQ". Reuters. Retrieved May 14, 2020.
  23. ^ van Eenbergen, Coen (9 July 2020). "Nutanix Frame lets any application run from your browser". Techzine.
  24. ^ "Nutanix Era 2.0: Increased scale and reduced costs for IT and database teams". Help Net Security. 8 October 2020.
  25. ^ Armstrong, Adam (3 December 2020). "Nutanix Files and Objects Gets New Capabilities". Storage Review.
  26. ^ "Nutanix did build 'Acropolis' hypervisor, wants you to bury it". The Register. Retrieved May 14, 2020.
  27. ^ "Google Could Acquire Nutanix For $9 Billion To Further Its Cloud Ambitions". Forbes. Retrieved May 14, 2020.
  28. ^ "Data storage provider Nutanix soars in market debut". Reuters. Retrieved May 14, 2020.
  29. ^ "Nutanix Stumbles on Sales Execution and Subscription Model Growing Pains". The Motley Fool. Retrieved May 15, 2020.
  30. ^ Somerville, Heather. "Nutanix acquires two startups amid IPO delay". Yahoo! Finance.
  31. ^ Schubarth, Cromwell (August 28, 2016). "Nutanix scoops up pair of companies". Silicon Valley Business Journal.
  32. ^ Hardcastle, Jessica (March 12, 2018). "Nutanix's Second Acquisition This Month Is Cloud App Monitoring Startup Netsil". SDxCentral.
  33. ^ "Nutanix buys Bengaluru-based Minjar". The Times of India. March 3, 2018.
  34. ^ Hardcastle, Jessica (August 3, 2018). "Nutanix Boosts Its Cloud Stack With $165M Frame Acquisition". SDxCentral.